Friday, April 11, 2008

Nikke Finke at Deadline Hollywood has a source that says Geffen and Zell are “in serious discussions” regarding a sale of the Los Angeles Times. “It's all very hush-hush,” Finke writes on her blog, “but my source tells me: ‘Cash flow is not being met for the bankers, revenue is in freefall, and the potential liability on the Combs story is huge. Sam feels he bought a bill of goods. Geffen is back in the mix and he's going to get it for a deep discount. They're in serious discussions.’ ”

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